European stocks set to slip at open; Mercedes car earnings plummet

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European stocks are set to open slightly lower Friday as investors continue to assess earnings.

European stock markets are heading for a lower open Friday, rounding off a largely negative week for global stocks as third-quarter earnings season has ramped up.for the full year, saying it now expects a double-digit decline rather than a gradual recovery amid weakness in the U.S. and Asia-Pacific.

As corporate giants report their quarterly finances in the coming days, one investment bank has suggested that investors bet against two Big Tech stocks.The People's Bank of China issued 700 billion yuan worth of one-year medium-term lending facility loans to financial institutions at 2%, to"maintain sufficient amount of liquidity in the banking system."

The electricity industry is transforming, according to Morgan Stanley, and multiple power producers, grid operators and utilities are set to benefit.

 

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